GTA publisher have said that EA's offer for the firm simply isn't good enough, the PLC issuing a new statement on the on-going attempt.

In a press release offered today, Take-Two describe EA's offer of 26 USD per share as insufficient "in multiple respects and contrary to the best interests of Take-Two's stockholders".

Take-Two promise to reassess their options after the release of IV at the end of April. The board are however "considering strategic alternatives in order to be prepared to engage in discussions with any parties, including EA, interested in a strategic business combination."

This isn't the first time the Take-Two board have requested interested parties wait until after the release of IV, but with so much of the company's future prospects pinned on one game, will really be prepared to pay more?

By Luke Guttridge